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June 11, 2021
Question

Is there away in Quickbooks online in the TD 1 form so that Income tax does not get deducted from summer students?

  • June 11, 2021
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1 reply

June 11, 2021

Hi chris-finnamore,

 

It's fantastic to see new members reaching out in the QuickBooks Community. QuickBooks Online Payroll is a comprehensive module that keeps track of your payroll taxes, so you don't have to. I can share some information with you.

 

The exemption amount is what the program bases the taxes on. So if the exemption amount is large, the program will not remove any income tax amounts. Here's a link to the CRA if you'd like to review it: TD1 Personal Tax Credits Returns.

 

I want to make sure you have the information on how to make these changes. If you're unsure, you can check out this article: Edit or change employee info in payroll.

 

If you have any questions, please let me know. Take care.